IFS head predicts a four-year strain on public sector funds

摘要

The public sector faces further tough spending squeezes after the next general election with local government bearing the burden if education and health are protected, a leading finance commentator has predicted. Speaking at The MJ Future Forum last week, Paul Johnson, director of the Institute of Fiscal Studies, said that so far chancellor George Os-borne had resisted imposing any new cuts or tax rises since 2010 despite the worsening economic scenario.